Pay And Benefits Strategy Team Paper 1 
Compensation and Benefits Strategies Recommendations
Matthew Harlow, Laura Flores, Michelle Wickman, Erik Holmstrom
University of Phoenix
Human Capital Management
HRM/531
April 6, 2015
Instructor: Yamile Bandera
Compensation and Benefits Strategies Recommendations
Our Client Mr. Bradley Stonefield would like some recommendations for pay and benefits strategies for his company Landslide Limousine. He is looking to employ 25 people in his business in doing so he projects annual net revenue for the first year of $50,000 with a 5% revenue growth. We took the liberty of finding out comparisons of other limousine services within Austin, so he has a comparison for his business.
Market Evaluation
Austin is consistently growing in businesses and can be very lucrative for Mr. Stonefield and his employees. He must have some benefits to retain his employees and help grow his business if he is competitive with pay and benefits. In Austin, it is found the average salary annually for drivers who are allowed to be tipped bring in approximately $37,170.00 annually. Drivers usually average $25,020.00 without tips. Your competitors also offer medical insurance, vacation pay, and a retirement plan within this territory. There is also salary increases for employees who stay longer with the company based on reviews from customer satisfaction surveys, and the time they have served with their respected companies. There is also training that we see and consider as benefits within these companies. There is generally 1 to 2 weeks of training and a review of the laws, safety, and the street layouts of the territories in which they will be driving. One thing you may want to consider is the age of your drivers as well. It is not necessary to be the age of 21 or obtain a high school diploma to provide driving services in this industry. However, if your drivers are under 21 and the customers prefer to have alcohol while you provide driving services for them. No one
Matthew Harlow, Laura Flores, Michelle Wickman, Erik Holmstrom
University of Phoenix
Human Capital Management
HRM/531
April 6, 2015
Instructor: Yamile Bandera
Compensation and Benefits Strategies Recommendations
Our Client Mr. Bradley Stonefield would like some recommendations for pay and benefits strategies for his company Landslide Limousine. He is looking to employ 25 people in his business in doing so he projects annual net revenue for the first year of $50,000 with a 5% revenue growth. We took the liberty of finding out comparisons of other limousine services within Austin, so he has a comparison for his business.
Market Evaluation
Austin is consistently growing in businesses and can be very lucrative for Mr. Stonefield and his employees. He must have some benefits to retain his employees and help grow his business if he is competitive with pay and benefits. In Austin, it is found the average salary annually for drivers who are allowed to be tipped bring in approximately $37,170.00 annually. Drivers usually average $25,020.00 without tips. Your competitors also offer medical insurance, vacation pay, and a retirement plan within this territory. There is also salary increases for employees who stay longer with the company based on reviews from customer satisfaction surveys, and the time they have served with their respected companies. There is also training that we see and consider as benefits within these companies. There is generally 1 to 2 weeks of training and a review of the laws, safety, and the street layouts of the territories in which they will be driving. One thing you may want to consider is the age of your drivers as well. It is not necessary to be the age of 21 or obtain a high school diploma to provide driving services in this industry. However, if your drivers are under 21 and the customers prefer to have alcohol while you provide driving services for them. No one
References: Cascio, W. F. (2013). Managing Human Resources: Productivity, Quality of Work Life, Profits (9th ed.) Boston, MA: McGraw-Hill/Irwin Suttle, R. (n.d.). Annual Salary for a Limousine Driver. Retrieved April 7, 2015, from http://work.chron.com/annual-salary-limousine-driver-10744.html